Thailand’s Gulf Energy plans 48MW Vietnam solar project with TTC

April 6, 2018
Facebook
Twitter
LinkedIn
Reddit
Email
The Project has been approved by the Ministry of Industry and Trade of Vietnam. Flickr: M_M

Thai power firm Gulf Energy Development plans to build a 48MW solar project in Vietnam in partnership with conglomerate Thanh Thanh Cong Group (TTC Group), according to a filing on the Stock Exchange of Thailand.

The US$66 million solar farm in Trang Bang district, Tay Ninh province, will be 51% owned by TTC and 49% owned by Gulf.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The Project has been approved by the Ministry of Industry and Trade of Vietnam to sell electricity to the utility EVN under a 20-year contract. Project construction will commence in June 2018 and commercial operation is scheduled for June 2019.

The plans comes as part on MoU singed by Gulf and TTC to form a partnership to jointly study, develop and invest in energy projects in Vietnam including solar, wind, natural gas, coal, waste, hydropower and thermal energy as well as natural gas import and terminal projects.

Vietnam's alrge-scale PV industry is proliferating. Sunseap and InfraCo Asia recently announced that they are partnering on a 168MW solar project in Vietnam. Meanwhile, TTC also recently contracted JGC Corporation to build a 49MW project in Gia Lai Province.

According to reports from Oliver Massmann of Duane Morris, Mien Trung Energy JSC plans to invest more VND1.3 trillion (US$57.2 million) in a 50MW solar power plant on 60 hectares around Dau Tieng Lake in Tan Chau district. Furthermore, Bien Hoa-Thanh Long One-Member plans to build a 30MW solar power plant, worth VND736 billion (US$32.38 million) on 37 hectares of land in Thanh Long commune, Chau Thanh district.

Read Next

Premium
October 14, 2025
OCI Holdings’ decision this week to buy a Vietnamese solar wafer facility to supply the US solar cell manufacturing industry makes clear the biggest vulnerability facing the sector today.
October 13, 2025
Korean chemical production firm OCI Holdings has acquired a 65% stake in a Vietnamese solar wafer production plant, intending to export solar wafers to the US.
October 2, 2025
The Indian Department of Commerce has launched an antidumping investigation on solar encapsulants originating or exported from South Korea, Vietnam and Thailand.
October 1, 2025
Adding 32GW of new solar to Thailand’s power generation deployment targets could cut power generation costs by as much as US$1.8 billion.
September 11, 2025
Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand. 
August 28, 2025
State-owned firm Electricity Generating Authority of Thailand (EGAT) has launched a tender for the construction of a 280MW floating PV (FPV) project.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK